VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone800-606-3610
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.26 billion
Profitability
Miscellaneous
Employees180
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable
Vereit (NYSE:VER) Frequently Asked Questions
What is Vereit's stock symbol?
Vereit trades on the New York Stock Exchange (NYSE) under the ticker symbol "VER."
How often does Vereit pay dividends? What is the dividend yield for Vereit?
Vereit declared a quarterly dividend on Tuesday, November 5th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.138 per share on Wednesday, January 15th. This represents a $0.55 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Monday, December 30th. View Vereit's Dividend History.
How were Vereit's earnings last quarter?
Vereit Inc (NYSE:VER) issued its quarterly earnings data on Wednesday, November, 6th. The financial services provider reported ($0.76) earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by $0.93. The financial services provider earned $302.99 million during the quarter, compared to analyst estimates of $306.69 million. Vereit had a negative net margin of 27.65% and a negative return on equity of 4.76%. The firm's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. View Vereit's Earnings History.
When is Vereit's next earnings date?
What guidance has Vereit issued on next quarter's earnings?
Vereit issued an update on its FY19 earnings guidance on Wednesday, November, 6th. The company provided earnings per share (EPS) guidance of $0.68-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.69.
What price target have analysts set for VER?
7 brokers have issued 12 month price objectives for Vereit's shares. Their forecasts range from $9.00 to $11.00. On average, they expect Vereit's share price to reach $9.93 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price. View Analyst Price Targets for Vereit.
What is the consensus analysts' recommendation for Vereit?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Vereit.
Has Vereit been receiving favorable news coverage?
Media coverage about VER stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Vereit earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Vereit.
Who are some of Vereit's key competitors?
Some companies that are related to Vereit include Public Storage (PSA), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), SBA Communications (SBAC), DIGITAL RLTY TR/SH (DLR), Realty Income (O), Weyerhaeuser (WY), Ventas (VTR), Boston Properties (BXP), Essex Property Trust (ESS), Alexandria Real Estate Equities (ARE), HCP (HCP), Mid-America Apartment Communities (MAA) and Sun Communities (SUI).
What other stocks do shareholders of Vereit own?
Who are Vereit's key executives?
Vereit's management team includes the folowing people:
- Mr. Glenn J. Rufrano, CEO & Director (Age 69)
- Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 62)
- Mr. Paul H. McDowell, Exec. VP & COO (Age 59)
- Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 60)
- Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 51)
Who are Vereit's major shareholders?
Vereit's stock is owned by a number of of retail and institutional investors. Top institutional investors include PGGM Investments (3.98%), Daiwa Securities Group Inc. (2.37%), Resolution Capital Ltd (1.41%), Russell Investments Group Ltd. (1.10%), California Public Employees Retirement System (0.81%) and Parametric Portfolio Associates LLC (0.68%). Company insiders that own Vereit stock include Gavin Brandon and Thomas W Roberts. View Institutional Ownership Trends for Vereit.
Which major investors are selling Vereit stock?
VER stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Goodwin Daniel L, State of Alaska Department of Revenue, Alberta Investment Management Corp, Zurcher Kantonalbank Zurich Cantonalbank, Teacher Retirement System of Texas, Timbercreek Investment Management Inc. and Cetera Advisors LLC. View Insider Buying and Selling for Vereit.
Which major investors are buying Vereit stock?
VER stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Resolution Capital Ltd, Russell Investments Group Ltd., Zimmer Partners LP, Robeco Institutional Asset Management B.V., Perpetual Ltd, State of New Jersey Common Pension Fund D and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Vereit.
How do I buy shares of Vereit?
Shares of VER can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Vereit's stock price today?
One share of VER stock can currently be purchased for approximately $9.64.
How big of a company is Vereit?
Vereit has a market capitalization of $10.29 billion and generates $1.26 billion in revenue each year. The financial services provider earns $-85,770,000.00 in net income (profit) each year or $0.72 on an earnings per share basis. Vereit employs 180 workers across the globe.View Additional Information About Vereit.
What is Vereit's official website?
How can I contact Vereit?
Vereit's mailing address is 2325 E. CAMELBACK ROAD 9TH FLOOR, PHOENIX AZ, 85016. The financial services provider can be reached via phone at 800-606-3610 or via email at [email protected]
MarketBeat Community Rating for Vereit (NYSE VER)
MarketBeat's community ratings are surveys of what our community members think about Vereit and other stocks. Vote "Outperform" if you believe VER will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VER will underperform the S&P 500 over the long term. You may vote once every thirty days.
